JamesG1
Expert Alumni

Business & farm

@Sharla

Are you using an Online version or a Desktop version?

 

If the self-employment tax deferral was selected for the self-employment activity that is now reporting a loss for the year, adding temporary income to that self-employment activity allows you to access the self-employment tax deferral interview questions.

 

If the self-employment tax deferral was selected for the self-employment activity that is now reporting a profit for the year, you may be able to access the the self-employment tax deferral interview questions without adding temporary income.

 

In TurboTax Online Self-Employed, follow Federal / Deductions & Credits / Self Employed tax deferral.

 

Some believe that at the screen Let's start by getting your eligible income, it makes a difference whether you:

  • Delete the entry, rather than
  • Entering a zero.

At the screen Tell us how much you'd like to defer a delete versus a zero may also make a difference.

 

Your self-employment income may be eligible for a portion of your self-employment tax to be deferred.  See this TurboTax Help.

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